WASHINGTON – (AgNewsWire) Rural America’s customer-owned partner, the Farm Credit System, celebrates its 90th anniversary of service on July 17, the date when President Woodrow Wilson signed the Federal Farm Loan Act in 1916.
Today, with more than $108 billion in loans financing agriculture and its related cooperatives, rural homebuyers, small community water and waste disposal systems, rural electric and telephone systems and the export of U.S. farm commodities, the Farm Credit System is the oldest and largest financial cooperative in the nation.
“For 90 years, the Farm Credit System has served agriculture and rural America as a dedicated, reliable, competitive, and customer-owned source of credit and related services. We look forward to a bright future for U.S. agriculture and America’s rural communities,” said Wayne Lambertson, a Maryland farmer who currently serves as Chairman of the Farm Credit Council, the System’s trade association. (Full Release)